TracxnLabs raises $10 Mn funding from Flipkart's founders & others

In the national capital, only 70 per cent of a total of Rs 93.75 crore made available to Lok Sabha MPs could be used.TracxnLabs, the incubator founded by industry tracker Tracxn, has raised $10 million in funding from a round led by Flipkart's Sachin Bansal and Binny Bansal along with other investors, according to a recent news report.

The newly raised funding will go towards launching the incubator, which then plans to invest a minimum viable product capital between $20,000-$50,000 in the selected starups, according to the Livemint report.